PBGC releases state-by-state pension payout information for 2017

The Pension Benefit Guaranty Corporation (PBGC) has released information about the amounts it paid out to retirees for 2017. The information is presented state-by-state (including U.S. territories) and, within each state, by congressional district. For example, in 2017 the PBGC paid more than $543 million to more than 78,000 Ohio retirees in failed plans, making Ohio the state with the most benefits paid. In total, the PBGC paid more than $5.6 billion to more than 868,000 retirees participating in terminated, single-employer plans in 2017. An additional 504,687 Americans will get their pension benefits from the PBGC when they are eligible to retire.